Vision Esports, L.P., a Beverly Hills, Calif.-based esports investment fund and management company, closed a $38m capital raise.
The round was led by Evolution Media, the investment firm backed by Creative Artists Agency (CAA) and private equity fund TPG Growth, Shamrock Holdings, Seth Bernstein Capital Management, Simon Tikhman of First Access Entertainment, Odell Beckham Jr., the St. Louis Cardinals, and Kevin Durant & Rich Kleiman/The Durant Company.
Led by Stratton Sclavos, Managing General Partner, Vision Esports targets and invests in complementary companies spanning the entire esports ecosystem.
With the close of this capital raise, Vision Esports is now the largest shareholder in Echo Fox, Twin Galaxies and Vision Entertainment.
Formed in January 2016 by three-time NBA Champion Rick Fox, Echo Fox has over 40 esports athletes on its roster, competing in 12 competitive leagues.
Twin Galaxies is a recognized authority for video game world record validation.
Vision Entertainment is a producer of original esports content and live esports events.
The General Partners of Vision Esports, LP are Stratton Sclavos, Jace Hall and Chris Nordling.